Tag: Retirement Clearinghouse LLC
A private sector answer to a big problem is finally getting some traction. Good news. The Department of Labor, with its request for public comment, may be about to give Retirement Clearinghouse LLC the green light to proceed with its proposal to automatically transfer small balances from one 401(k) to another. Such an arrangement would…
Private sector guys have a good idea. A recent report by the U.S. Government Accountability Office – 401(k) Plans: Greater Protections Needed for Forced Transfers and Inactive Accounts – documented the problems associated with small 401(k) accounts. The first problem is forced transfers. Millions of Americans leave their jobs each year and fail to specify…
